SELL Area - 1.5041 (First Target : 1.4967 Next : 1.4924 Next : 1.4829 if fail will find back 1.5064 area)
BUY Area - 1.5085 (First Target : 1.5161 Next : 1.5245 Next : 1.5329)
Salam and Hi.........
Trading Range is between 1.4700 to 1.5372.
Congratulations who got the Buy area yesterday.
Allah Hu.
Showing posts with label gold. Show all posts
Showing posts with label gold. Show all posts
Wednesday, May 6, 2009
Tuesday, April 28, 2009
GBP/USD Pair @ 01.30 pm Malaysia
SELL Area - 1.4587 ( My target : 1.4514 Next : 1.4478 Next : 1.4431 May drop deeper at 1.4397 if possible today)
BUY Area - 1.4627 (My target : 1.4692 Next : 1.4750)
Salam and Hi... Trading Range is between 1.4300 to 1.4800 area.
Yesterday my sell area at 1.4647 met and met my second target at 1.4517 and stop at 1.4514. From here the candle rebound and stop at 1.4692. From here CS drop back and enter again my SELL area.
Congratulations who got it but my advice please set your target not my target area, because it is only my predictions. Not to focus on it but if your target is 30 to 60 pips a day, you will achive it asap. Then stop and just do others thing when you got it. I hope you not to greedy and please be more discipline and try to be more alert on all the pattern of the CS.
Let say your target is 60 pips a day and you trade only 10 days in a month, that mean your income is :
60 pips a day x 10 day x $10 = $6000.
It up to you man and the money is yours. You make your own decision for your own good. Dont forget to pray to Allah.
Allah Hu.
BUY Area - 1.4627 (My target : 1.4692 Next : 1.4750)
Salam and Hi... Trading Range is between 1.4300 to 1.4800 area.
Yesterday my sell area at 1.4647 met and met my second target at 1.4517 and stop at 1.4514. From here the candle rebound and stop at 1.4692. From here CS drop back and enter again my SELL area.
Congratulations who got it but my advice please set your target not my target area, because it is only my predictions. Not to focus on it but if your target is 30 to 60 pips a day, you will achive it asap. Then stop and just do others thing when you got it. I hope you not to greedy and please be more discipline and try to be more alert on all the pattern of the CS.
Let say your target is 60 pips a day and you trade only 10 days in a month, that mean your income is :
60 pips a day x 10 day x $10 = $6000.
It up to you man and the money is yours. You make your own decision for your own good. Dont forget to pray to Allah.
Allah Hu.
From Market Oracle... please read !!!
The Impact on Gold
While market attention has been riveted on the price of gold a more important feature of the gold market has caused gold to evolve as money, in increasingly difficult times. The concerns of the Chinese are the concerns of all investors particularly U.S. investors the main buyers of gold shares in the gold Exchange Traded Funds. Consequently, this has broadened the base and improved the quality of gold investors worldwide. While the jewelry trade has retreated from gold and scrap sales have supported the supply of gold, the time is coming when supplies will just not be enough to satisfy investors and scrap sales peter out. The only way such investors will be deterred from buying then is a gold price rising out of their buying zones. This will certainly mean an over four-figure gold price.
The fears of investors are outside the gold market and concern exchange rates, massive tsunamis of dollars and other currencies being printed to shore up the present system in the grips of a credit crunch. Many investors are certain inflation is roaring towards us, to spring up, as deflation is overcome. The future of the monetary system is bleak and extreme.
Locally, gold is priced in home currencies and serves as a hedge against the dramatic moves of those currencies. Rapidly, investors are seeing that their price of gold doesn't reflect only the value of gold, but the value of their local currencies as well. Awareness of gold as a protection against weakening currencies is growing rapidly. This awareness is growing in central banks, sovereign wealth funds, institutions, amongst wealthy individuals and is now spreading to the man in the street. Once sound money backed by assets was forsaken in favor of man managed and created money, the disintegration of the banking system, the credit system and confidence in currencies and economies was inevitable. Only the credibility of and confidence in paper money made it work anyway. That now stands badly mauled with potentially worse to come. But most observers are not buying gold yet! Once they do, sit back and wonder!
As Greenspan wrote decades ago, "Without a gold standard in place, there is little to prevent governments indulging in wild credit creation. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process." We do not believe there will be a Gold Standard because it is anathema to all bankers, central bankers included. What is likely to happen is that a formula will be worked out where gold can be used to increase the credibility of and confidence in paper money again. Before that discussion comes to reality, individuals and institutions are and will turn to gold. When governments contemplate gold's use in money again, you can be sure they will want the metal to themselves and exclude Joe public!
Allah Hu.
While market attention has been riveted on the price of gold a more important feature of the gold market has caused gold to evolve as money, in increasingly difficult times. The concerns of the Chinese are the concerns of all investors particularly U.S. investors the main buyers of gold shares in the gold Exchange Traded Funds. Consequently, this has broadened the base and improved the quality of gold investors worldwide. While the jewelry trade has retreated from gold and scrap sales have supported the supply of gold, the time is coming when supplies will just not be enough to satisfy investors and scrap sales peter out. The only way such investors will be deterred from buying then is a gold price rising out of their buying zones. This will certainly mean an over four-figure gold price.
The fears of investors are outside the gold market and concern exchange rates, massive tsunamis of dollars and other currencies being printed to shore up the present system in the grips of a credit crunch. Many investors are certain inflation is roaring towards us, to spring up, as deflation is overcome. The future of the monetary system is bleak and extreme.
Locally, gold is priced in home currencies and serves as a hedge against the dramatic moves of those currencies. Rapidly, investors are seeing that their price of gold doesn't reflect only the value of gold, but the value of their local currencies as well. Awareness of gold as a protection against weakening currencies is growing rapidly. This awareness is growing in central banks, sovereign wealth funds, institutions, amongst wealthy individuals and is now spreading to the man in the street. Once sound money backed by assets was forsaken in favor of man managed and created money, the disintegration of the banking system, the credit system and confidence in currencies and economies was inevitable. Only the credibility of and confidence in paper money made it work anyway. That now stands badly mauled with potentially worse to come. But most observers are not buying gold yet! Once they do, sit back and wonder!
As Greenspan wrote decades ago, "Without a gold standard in place, there is little to prevent governments indulging in wild credit creation. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process." We do not believe there will be a Gold Standard because it is anathema to all bankers, central bankers included. What is likely to happen is that a formula will be worked out where gold can be used to increase the credibility of and confidence in paper money again. Before that discussion comes to reality, individuals and institutions are and will turn to gold. When governments contemplate gold's use in money again, you can be sure they will want the metal to themselves and exclude Joe public!
Allah Hu.
Saturday, April 25, 2009
From Market oracle.. please read !!!
GOLD REFLECTS USDOLLAR INSTABILITY
The gold cartel is gradually losing control. They can put out a ‘double down’ futures contract short attack. They can reduce gold lease rates to below zero. They can avert a COMEX default at the eleventh hour. The consolidation process continues with a carving of the right side handle to the Cup & Handle reversal pattern in the gold price chart, as patience is surely tested. Support has been good at the more stable 50-week moving average, aided by the May 2008 support, both at the 860-865 level. Today on Thursday, the gold price finally jumped over the 900 mark, and even silver enjoyed a big rise of 3%. Currencies are being ruined universally, as governments debauch their supply fundamentals with what they regard as impunity and zero cost, very mistakenly. The costs come later, from price inflation, lost stability in the monetary foundation itself, and new unforeseen bubbles. The gold price target remains 1250 to 1300 once the 1000 mark is cleared. Watch for the potential of a bullish stochastix crossover in the green oval in the next week, an event that technicians would notice. It would signal a substantial move up soon.
Desperate measures like the EuroCB action (d) and surging COMEX open interest (e) are difficult to repeat and to sustain. Exposure renders great harm to the confidence pillar of the major currencies. The extremely promising bullish factors behind gold are many:
negative real interest rates
shortage of physical gold, whether bars or coins
advent of price inflation next year
Euro Central Bank rescue to avert COMEX default by Deutsche Bank
Surge in Open Interest since mid-March in gold futures contracts
Howard Ruff loves silver due to shortages, to restore the gold/silver ratio.
EXPECT THAT THE GOLD PRICE WILL MAKE NEW HIGHS FAR EARLIER THAN THE USDOLLAR SUFFERS EXCHANGE RATE DECLINES ON ANY BROAD BASIS. The Competing Currency War will keep the US$ propped for a while longer, as other currencies falter. However, the uniform competing currency devaluations serve to give gold (and silver) strength. Behind the scenes, some nations are taking stern action to firm their gold positions before the next crises, like this summer and again this autumn. In particular the Germans have ordered the return of all gold bullion home from US shady custodial supervision, while the Arabs are purchasing every available gold bullion ingot from global warehouses in private sales. They want the IMF gold next.
The gold cartel is gradually losing control. They can put out a ‘double down’ futures contract short attack. They can reduce gold lease rates to below zero. They can avert a COMEX default at the eleventh hour. The consolidation process continues with a carving of the right side handle to the Cup & Handle reversal pattern in the gold price chart, as patience is surely tested. Support has been good at the more stable 50-week moving average, aided by the May 2008 support, both at the 860-865 level. Today on Thursday, the gold price finally jumped over the 900 mark, and even silver enjoyed a big rise of 3%. Currencies are being ruined universally, as governments debauch their supply fundamentals with what they regard as impunity and zero cost, very mistakenly. The costs come later, from price inflation, lost stability in the monetary foundation itself, and new unforeseen bubbles. The gold price target remains 1250 to 1300 once the 1000 mark is cleared. Watch for the potential of a bullish stochastix crossover in the green oval in the next week, an event that technicians would notice. It would signal a substantial move up soon.
Desperate measures like the EuroCB action (d) and surging COMEX open interest (e) are difficult to repeat and to sustain. Exposure renders great harm to the confidence pillar of the major currencies. The extremely promising bullish factors behind gold are many:
negative real interest rates
shortage of physical gold, whether bars or coins
advent of price inflation next year
Euro Central Bank rescue to avert COMEX default by Deutsche Bank
Surge in Open Interest since mid-March in gold futures contracts
Howard Ruff loves silver due to shortages, to restore the gold/silver ratio.
EXPECT THAT THE GOLD PRICE WILL MAKE NEW HIGHS FAR EARLIER THAN THE USDOLLAR SUFFERS EXCHANGE RATE DECLINES ON ANY BROAD BASIS. The Competing Currency War will keep the US$ propped for a while longer, as other currencies falter. However, the uniform competing currency devaluations serve to give gold (and silver) strength. Behind the scenes, some nations are taking stern action to firm their gold positions before the next crises, like this summer and again this autumn. In particular the Germans have ordered the return of all gold bullion home from US shady custodial supervision, while the Arabs are purchasing every available gold bullion ingot from global warehouses in private sales. They want the IMF gold next.
Sunday, April 5, 2009
GOLD !!! GOLD !!! GOLD ????
Bob Prechter on Silver & Gold
In case you hadn’t noticed: Over the past year of financial turmoil, the “safe haven” premium of precious metals has offered about as much support as a rubber ducky in a tsunami. Despite a string of powerful rallies, silver and gold remain well below their March 2008 peaks.
It goes without saying that the greatest opportunities in precious metals were not had by those who played the “disaster hedge” card; but rather by those who timed the trends as they developed, regardless of the fundamental backdrop.
Bob Prechter is in the latter group. Amidst the buzz and whirl of the most bullish backdrop in precious metals’ recent history, gold and silver prices soared to new, all-time highs and calls for a “New Gold Rush” and “$30 Silver” flooded the mainstream airwaves. Yet Bob alerted subscribers to an approaching top in the March 14, 2008 Elliott Wave Theorist.
“The wave count [in silver] is nearly satisfied, though ideally it should end after one more new high. If this analysis is accurate, and silver does peak and begin a bear market, gold is likely to go down with it.”
In the days that followed, prices in both metals fell off a cliff. In turn, Bob was asked to address his exceptional call for a turn down in a March 19, 2008 Bloomberg interview. Here are of excerpts from that conversation:
Bloomberg: “Why did you put out that call on Friday (March 14) about a peak in precious metals?”
Editor’s Note: You can download Bob Prechter’s 5-page report, Gold & Recessions, free from Elliott Wave International. It features 63 years of historical analysis that reveals how gold, T-notes, and the DJIA have performed in recessions and expansions.
Bob Prechter: “One of the reasons is that it seemed like an absolutely sure thing. We track several indicators of sentiment. One of them is the Daily Sentiment Index (DSI). That reached 98% bulls on a one-day basis going into this last high. We were tracking silver as well… as it is clearest in our minds. Now, at the time, we needed one more slightly new high. That happened Monday morning and silver dropped 15% in 48 hours. That’s a heck of a reversal and I think it’s real.”
“Real” indeed: From their March peaks, gold prices plummeted 34%, alongside a 60% sell-off in silver before hitting the breaks in October. Here, the October 2008 Elliott Wave Financial Forecast prepared for a corrective rebound and wrote:
“Silver traced out a five-wave decline from its March peak…Gold should also rally as silver pushes higher. Once silver’s rise is exhausted (initial target: $15.15), the larger downtrend should resume for both metals.”
A powerful, four-month bounce ensued in both metals: Gold prices came within kissing distance of its March peak before turning down on February 20; silver followed suit — a fulfillment of this bearish, near-term insight presented in the February 23 Elliott Wave Theorist:
“Silver has been clear as a bell. Silver is due to turn back down, and gold, which is back at $1000/oz, is likely to follow.”
Since then, it’s been a steady march lower for both metals. Obviously, EWI’s forecasts do not always prove this accurate. Yet in this case the analysis speaks for itself.
For more metals analysis from Bob Prechter, download Gold & Recessions a free 5-page report from Elliott Wave International. It features 63 years of historical analysis that reveals how gold, T-notes, and the DJIA have performed in recessions and expansions.
In case you hadn’t noticed: Over the past year of financial turmoil, the “safe haven” premium of precious metals has offered about as much support as a rubber ducky in a tsunami. Despite a string of powerful rallies, silver and gold remain well below their March 2008 peaks.
It goes without saying that the greatest opportunities in precious metals were not had by those who played the “disaster hedge” card; but rather by those who timed the trends as they developed, regardless of the fundamental backdrop.
Bob Prechter is in the latter group. Amidst the buzz and whirl of the most bullish backdrop in precious metals’ recent history, gold and silver prices soared to new, all-time highs and calls for a “New Gold Rush” and “$30 Silver” flooded the mainstream airwaves. Yet Bob alerted subscribers to an approaching top in the March 14, 2008 Elliott Wave Theorist.
“The wave count [in silver] is nearly satisfied, though ideally it should end after one more new high. If this analysis is accurate, and silver does peak and begin a bear market, gold is likely to go down with it.”
In the days that followed, prices in both metals fell off a cliff. In turn, Bob was asked to address his exceptional call for a turn down in a March 19, 2008 Bloomberg interview. Here are of excerpts from that conversation:
Bloomberg: “Why did you put out that call on Friday (March 14) about a peak in precious metals?”
Editor’s Note: You can download Bob Prechter’s 5-page report, Gold & Recessions, free from Elliott Wave International. It features 63 years of historical analysis that reveals how gold, T-notes, and the DJIA have performed in recessions and expansions.
Bob Prechter: “One of the reasons is that it seemed like an absolutely sure thing. We track several indicators of sentiment. One of them is the Daily Sentiment Index (DSI). That reached 98% bulls on a one-day basis going into this last high. We were tracking silver as well… as it is clearest in our minds. Now, at the time, we needed one more slightly new high. That happened Monday morning and silver dropped 15% in 48 hours. That’s a heck of a reversal and I think it’s real.”
“Real” indeed: From their March peaks, gold prices plummeted 34%, alongside a 60% sell-off in silver before hitting the breaks in October. Here, the October 2008 Elliott Wave Financial Forecast prepared for a corrective rebound and wrote:
“Silver traced out a five-wave decline from its March peak…Gold should also rally as silver pushes higher. Once silver’s rise is exhausted (initial target: $15.15), the larger downtrend should resume for both metals.”
A powerful, four-month bounce ensued in both metals: Gold prices came within kissing distance of its March peak before turning down on February 20; silver followed suit — a fulfillment of this bearish, near-term insight presented in the February 23 Elliott Wave Theorist:
“Silver has been clear as a bell. Silver is due to turn back down, and gold, which is back at $1000/oz, is likely to follow.”
Since then, it’s been a steady march lower for both metals. Obviously, EWI’s forecasts do not always prove this accurate. Yet in this case the analysis speaks for itself.
For more metals analysis from Bob Prechter, download Gold & Recessions a free 5-page report from Elliott Wave International. It features 63 years of historical analysis that reveals how gold, T-notes, and the DJIA have performed in recessions and expansions.
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Salam ... BISMILLAH HIRR RAHHMAN NIRR RAHHIM Trading Range is between 1.6100 to 1.6500 area. 1. BUY Area : 1.6293 T1 : 1.632...
